ReNew Energy Global : Q2 2022 Presentation

H1 & Q2 FY 22 Earnings Review

Nov 18, 2021

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Disclaimer

Forward-Looking Statements

This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to identify and realize additional opportunities, and potential changes and developments in the highly competitive renewable energy and related industries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in ReNew Energy Global's annual report on Form 20-F filed with the Securities and Exchange Commission (the "SEC") on August 27, 2021 and other documents filed by ReNew Energy Global from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward- looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ReNew Energy Global assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. ReNew Energy Global gives no assurance that it will achieve its expectations.

Non - IFRS Financial Measures

This presentation contains financial measures which have not been calculated in accordance with International Financial Reporting Standards ("IFRS"), including EBITDA because they are a basis upon which our management assesses our performance and we believe they reflect the underlying trends and indicators of our business. Although we believe these measures may be useful for investors for the same reasons, these financial measures should not be considered as an alternative to IFRS financial measures as a measure of the Company's financial condition, profitability and performance or liquidity. In addition, these financial measures may not be comparable to similar measures used by other companies. At the Appendix to this presentation, we provide further descriptions of these non-IFRS measures and reconciliations of these non-IFRS measures to the corresponding most closely related IFRS measures.

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Agenda

01 ReNew Overview

02 H1 FY 22 & Q2 FY 22 Highlights

03 Guidance

04 Sustainability And ESG

05 Appendix

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01

ReNew

Overview

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Highly Diversified Portfolio Of Contracted Assets

ReNew's Regionally Diversified Utility Portfolio(1)

99 MW

3,058 MW

100 MW

1,399 MW

578 MW

799 MW

820 MW

Solar - 5.0 GW

2,485 MW	777 MW	Wind - 5.2 GW

Hydro - 0.1 GW

100 MW

Largest Operating Portfolio In India(1)

Commissioned,

7.0 GW,

68%

Committed (2)

3.3 GW,

32%

Balanced Asset Mix(1)

Hydro, 0.1 GW, 1%

	Solar,
	5.0 GW,
Wind,	49%

5.2 GW,

50%

Notes:

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1. As on 15 November, 2021; Map includes only operational and committed capacity (does not include distributed solar capacity)
2. Committed capacity means projects for which a PPA has been signed or projects for which the bid has been won and a letter of award has been received, or in the case of an acquisition, where binding agreements have been signed